CIBC and Thinking Capital redefine small business borrowing in Canada with real-time adjudication, faster funding

Exclusive banking & fintech partnership allows small business owners to apply for a loan of up to $300,000 online, with decisions in minutes and funding in just a few days

TORONTO [Press Release] - CIBC announced it is partnering with Thinking Capital to expand small business lending inCanada. This new online lending solution called Rapid Financing powered by Thinking Capital dramatically shortens the time it takes to apply and be approved for credit to help drive growth for business owners.

The fintech partnership is a first from a major Canadian bank, allowing small business owners to apply for a loan online, receive a credit decision in real time, and have funds in their account just days later. The new platform is a referral partnership between CIBC and Thinking Capital with lending offered in addition to traditional forms of small business financing from CIBC.

Key features of the program include:

- Speed - L ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.